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    BARC   GB0031348658

BARCLAYS PLC

(BARC)
  Report
Real-time Estimate Cboe Europe  -  03:14 2022-11-28 am EST
158.70 GBX   -0.23%
02:51aNESTLE : Barclays gives a Buy rating
MD
02:40aTHYSSENKRUPP : Gets a Sell rating from Barclays
MD
02:39aBRENNTAG : Gets a Neutral rating from Barclays
MD
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Barclays, Barclays Bank to Pay SEC $361 Million for Securities Over-Issuance

09/29/2022 | 05:18pm EST

By Denny Jacob


The Securities and Exchange Commission on Thursday said Barclays PLC agreed to pay $361 million to resolve charges over an unregistered offer and sale for securities.

The SEC said Barclays and Barclays Bank PLC agreed to pay a $200 million civil penalty. The regulator also ordered Barclays Bank to pay disgorgement and prejudgment interest of more than $161 million.

Both firms restated their year-end 2021 financial statements filed with the SEC as a result of over-issuances and internal control failure, the regulator said.

The charge stems from events in May 2017, when Barclays Bank had to quantify the total numbers of securities that it expected to offer, sell and pay registration fees for those offerings in a new registration statement following a settled action against an affiliate.

Barclays Bank needed to track actual offers and sales of securities against the number of registered offers and sales on a real time basis given this requirement, but no internal control was established, the SEC said. Barclays Bank offered and sold about $17.7 billion of securities in unregistered actions as a result due to the lack of internal control, the regulator said.


Write to Denny Jacob at denny.jacob@wsj.com


(END) Dow Jones Newswires

09-29-22 1717ET

All news about BARCLAYS PLC
02:51aNESTLE : Barclays gives a Buy rating
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Analyst Recommendations on BARCLAYS PLC
More recommendations
Financials
Sales 2022 25 059 M 30 290 M 30 290 M
Net income 2022 4 978 M 6 017 M 6 017 M
Net Debt 2022 - - -
P/E ratio 2022 5,40x
Yield 2022 4,55%
Capitalization 25 207 M 30 469 M 30 469 M
Capi. / Sales 2022 1,01x
Capi. / Sales 2023 0,97x
Nbr of Employees 81 600
Free-Float 99,7%
Chart BARCLAYS PLC
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Barclays PLC Technical Analysis Chart | MarketScreener
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Technical analysis trends BARCLAYS PLC
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 159,06 GBX
Average target price 230,83 GBX
Spread / Average Target 45,1%
EPS Revisions
Managers and Directors
C. S. Venkatakrishnan Group Chief Executive Officer & Director
Angela Anna Cross Group Finance Director & Executive Director
Nigel Paul Higgins Group Chairman
Mark Ashton Rigby Group Chief Operating Officer
Laura Padovani Global Head-Compliance Services
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